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Varun Beverages Ltd. ( (IN:VBL) ) has issued an update.
Varun Beverages’ board has approved the acquisition of 100% of South Africa-based Twizza Proprietary Limited, a non-alcoholic beverage manufacturer and distributor, for an enterprise value of ZAR 2,095 million (about INR 11,187 million), to be executed in cash through its South African subsidiary Bevco, subject to regulatory clearances by competition authorities in South Africa, Botswana and Eswatini. The deal, targeted for completion by June 30, 2026, will make Twizza a step-down subsidiary and significantly deepen Varun Beverages’ presence in the South African market by adding three manufacturing facilities with integrated preform and closure lines, enhancing its production capacity, local footprint and competitive positioning in the regional soft drinks segment.
More about Varun Beverages Ltd.
Varun Beverages Ltd. is a major player in the non-alcoholic beverages industry and a key bottling partner for global soft drink brands, with a growing international footprint that includes operations in South Africa through its subsidiary The Beverages Company Proprietary Limited (Bevco). The company focuses on manufacturing, bottling and distribution of branded soft drinks and related beverages across multiple geographies.
Average Trading Volume: 411,218
Technical Sentiment Signal: Hold
Current Market Cap: 1588.2B INR
Find detailed analytics on VBL stock on TipRanks’ Stock Analysis page.